Billions Quote by Warren Buffett

A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.

— Curtis Jackson

If you listen to the news, read the news, you'd think we were still in a recession. Well, we're not in a recession. We've…

— Dan Quayle

We went into a recession in 2008 because of gasoline prices. The bubble burst in housing because people couldn’t pay their mortgages because of…

— Rick Santorum

When the average person is being financially squeezed, they cut back on spending, demand goes down and businesses have to lay people off. That's…

— Touker Suleyman

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that…

— Warren Buffett

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across…

— Mark Zandi

The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse—one that might be big…

— Janet Yellen

To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.

— Edgar Fiedler

Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts…

— Randy Neugebauer

In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.

— Amity Shlaes

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count…

— Mark Skousen

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth…

— Ben Bernanke